'Christmas' Bitcoin-Price-Guessing Comp

I

inmizu

Active Member
This is a heads-up, campers. You can offer me advice.

Shall we have the 'Christmas' comp between, say, mid-September and about November tenth? It's the U.S. electioin -- Trump pro-Bitcoin; Harris anti-Bitcoin -- that will be the event of the year.

And certainly us crypto geeks are watch gold hitting noo ATH's!

I don't think you need to be any sort of alarmist/Konspiracee Theorist to foresee all manner of potential craziness.

IndiaMikeZulu
 
Okay. I will be back in mid-September.

We're gonna do it sorta sudden death this year: There will be fewer entrants. But I suspect that people will want to change their Guesses more than usual
 
Barney rubble -- you're in.

Wiowi -- I have recorded your price. But this year it's not a Christmas guess. This year the Comp ends on November 10 -- just after the U.S. election. Please feel free to change your Guess
 
This year’s Bitcoin-Price-Guessing Competition officially has begun. But it ends on November 10th (here in my farmhouse in Western Australia). You can change your Guess up to Nov. 1st. Go!


Mmmm shiney $77,843

Polar Bear Stacker $100,000

Barneyrubble $88500

Wiowi $60.321.48

Falling Knife: $76,001
 
Nov 10...
$59,380

I'm going to go bearish on this one.
I recon a small drop will make people take stock and some long term holders might take profits off the table in advance for christmas.

1% below 60k seems like a buy in though for the believers.
 
inmizu said:
This year’s Bitcoin-Price-Guessing Competition officially has begun. But it ends on November 10th (here in my farmhouse in Western Australia). You can change your Guess up to Nov. 1st. Go!
Click to expand...

Oops, I thought it closed on Nov 10 but ended Dec 25 so I'll unlock mine:

Dec 25: $77843
Nov 10: $70340
 
You're in: Nov. 10 for 70,340 -- no Christmas Day Guesses this year.

And I fear, bullion bugs, that this will be the last year. Crypto threads have become sparsely-populated and unhappy places, completely different to 2013 and 2014.

This is a sort of victory for bullion enthusiasts. Certainly I no longer advise folks to adopt cryptos. I advise them to buy silver.
 
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inmizu said:
This is a sort of victory for bullion enthusiasts. Certainly I no longer advise folks to adopt cryptos. I advise them to buy silver.
Click to expand...

My advice:

Up to 45 years of age maximise good debt.

Beyond 45 maximise passive income.

Crypo and bullion fit neither of those strategies, they're fringe investments that should make up only a small % of your portfolio. :)
 
This may be good advice for Normal Times, shiney -- good morning.

But I've not the least doubt that 'the system' is collapsing. What sounded Overwrought Old Guy a few years ago is now clearly a reality.

Mmmm shiney $70,340

Polar Bear Stacker $100,000

Barneyrubble $88500

Wiowi $60.321.48

Falling Knife: $76,001

TheHatter $69,015

Selfwithin $69,000

JeffBouchard $99.999
 
inmizu said:
But I've not the least doubt that 'the system' is collapsing.
Click to expand...

The chances of that happening are minuscule, though Russia et al are trying their best to crash it because their leaders are short-sighted megalomaniacs, it just goes historically with the territory unfortunately.

The "system" is backstopped by the world's major Treasuries and reserve banks. The winners are the capital sector the losers are the middle and lower class. If the system collapses then all the gold and silver or BTC in the world won't save anyone, we'll either all be dead or scrambling for food and water and gold and crypto will be worthless. In the meantime for us at the bottom of the food chain our best hope is to copy what the capitalists are doing ie use good debt, set up passive income streams and hedge see What's a safe investment for generating income?

Much discussion on the "ponzi" here:

 
'If the system collapses then all the gold and silver or BTC in the world won't save anyone, we'll either all be dead or scrambling for food and water and gold and crypto will be worthless.'

Well, land with water is high on my list. Systems don't collapse outright. They can half collapse or three quarters collapse.

I think small bits of silver, like the 1966 50-cent pieces, might be good for barter.

But yes, shiney, I think this system will/is falling to bits at the seams.

sigh
 
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